Wednesday, October 26, 2011
Them what has, gets
News flash: Rich getting richer, poor getting poorer. As though they needed to tell us. The Congressional Budget Office just released a report on "Trends in the Distribution of Household Income Between 1979 and 2007". More of the same. The rich and uber-rich keep getting more and more of the nation's wealth. As though they need it. Statistics: CBO finds that, between 1979 and 2007, income grew by: 275 percent for the top 1 percent of households, 65 percent for the next 19 percent, Just under 40 percent for the next 60 percent, and
18 percent for the bottom 20 percent. In short, it sucks to be us.
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